Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by ElaWoman.
Infertility is a topic people don't talk about openly. It is the inability to conceive children even after frequent, unprotected sexual intercourse over a year or more. It's a condition that impacts couples both physically and emotionally, often ruining relationships.
Victims of infertility are more often than not left disheartened by bogus advertisements and claims that guarantee a sure-to-work solution for this medical condition. In the end, they don't get the desired results and regret spending so much for nothing.
ElaWoman is a visionary healthcare startup making a significant difference in the lives of those affected by infertility. ElaWoman provides customized plans and treatments to solve this problem through the use of latest technology and data analytics. The transparency in treatment is what differentiates ElaWoman from others. Moreover, safe and easy financial options ensures couples with financial difficulties are not left out out.
ElaWoman - Company Highlights
| Startup Name | ElaWoman |
|---|---|
| Headquarters | Delhi |
| Founders | Ritu Singh, Aditya Kandoi, and Yogesh Agarwal |
| Industry | Healthcare |
| Founded | 2016 |
| Website | elawoman.com |
About ElaWoman and How it Works
ElaWoman - Target Market
How was ElaWoman Started?
ElaWoman - Services
ElaWoman - Founders And Team
ElaWoman - Name, Logo, And Tagline
ElaWoman - User Acquisition
ElaWoman - Startup Challenges
ElaWoman - Funding
ElaWoman - Future Plans
ElaWoman - FAQs
About ElaWoman and How it Works
Elawoman helps couples who are struggling to realize the happiness of parenthood. Treated as a taboo, topics such as infertility are not discussed openly on healthcare platforms. This leaves no choice for patients but to blindly believe marketing gimmicks of a non-transparent ecosystem setup by some doctors and clinics in the medical industry. This is why out of 10% of couples (of child-bearing age) facing fertility issues, only 1% go for treatment.
ElaWoman was born as a one-stop solution portal to counter the increasing occurrence of fertility problems worldwide and the increase awareness about the same. The entire team makes it a point to bring the best quality infertility treatments to couples at affordable prices.
ElaWoman - Target Market
The infertility treatment/diagnosis segment is expected to grow steadily in the coming decade. According to a top research firm in India, this industry is set to grow at 13% CAGR in the year 2020. The rapid advancements in the field of infertility medicines is can be attributed to increasing child-bearing age, growing usage of contraceptives, and altered lifestyles.
The field of infertility medicine comprises fertility drugs, infertility-related surgeries, and Assisted Reproductive Treatments (ARTs). Latest developments include Frozen Embryo Transfer (FET), Preimplantation Genetic Diagnosis and Screening (PGD/PGS), and Anti-Mullerian Hormone (AMH) tests to name a few. Array Comparative Genetic Hybridization (CGH) was recently introduced to increase the success rates of infertility treatments. A huge potential exists in this field which needs to be exploited and utilized for the welfare of couples across the globe.
How was ElaWoman Started?
The Elawoman founders came across several cases that revealed couples struggling to find a good infertility clinic or doctor for treatment. They also realized the stigma and taboo surrounding infertility issues; affected couples are afraid to discuss their issue in front of family members and friends.
Shubham Kumar
ElaWoman - Services
ElaWoman solves the problem by bringing in transparency and independent facilitation through data analytics and other technological mediums. It offers a system that provides unbiased transparent information on doctor and centre data, treatment pricing, clinical success rates, and past patient reviews.
Couples get the benefit of having a personal health assistant to help them in each step of conceiving. The service is an end-to-end platform providing access to different features and plans.
Furthermore, ElaWoman provides information on over 5,000 fertility hospitals and doctors for IVF, IUI, ICSI, surrogacy treatments, and pregnancy care services. The fertility centres and doctors partnered with ElaWoman are encouraged to provide a transparent, upfront, and affordable pricing structure for infertility procedures. Patients are provided with customized treatment packages for result-oriented execution of the chosen infertility treatments. The customization is done based on the treatment cost, patient appointment, and the clinic/centre chosen. Ela specialists assist patients in the personalization of infertility treatment packages.
ElaWoman - Founders And Team
ElaWoman was founded by Ritu Singh, Yogesh Agarwal, and Aditya Kandoi.
Ritu Singh : Born in 1988, Ritu did her schooling from St. Thomas School and then pursued a B.Tech from Netaji Subhas Institute of Technology in 2005. She then did an MBA in Marketing from IIM, Udaipur. Ritu Singh is the CEO of ElaWoman.
Yogesh Agarwal : Yogesh was born in 1986 and completed his schooling from Birla High school. He obtained a Bachelor's in Electrical Engineering from IIT, Varansi in 2005. Post graduation, he joined Lancaster University for an MBA. Yogesh is the Chief Technology Officer (CTO) of ElaWoman.
Aditya Kandoi : Aditya Kandi was born in 1989 and is an IIT Varanasi alumnus. He later did his MBA from Warsaw School of Economics. Aditya is currently working as the Chief Operating Officer (COO) of ElaWoman.
ElaWoman - Name, Logo, And Tagline
ElaWoman was chosen as the brand name since Ela stands for a beautiful person surrounded by several friends and their loved ones. The company logo consists of a butterfly that demarcates freedom; the freedom ElaWoman gives couples in the form of parenthood.
ElaWoman - User Acquisition
We were on cloud nine when we met the achievement of the first 100 customers. Initially, it felt like a challenge as our concept is a new one. But then we came out with a combination of ways to reach the audience and have 100 successful customers - Ritu Singh, CEO of ElaWoman
The ElaWoman team leveraged the power of social media and user-oriented information through website's blog section. This was combined with the reach of advertisements to target the desired audience.
Initially, it was difficult to attract customers/couples towards the concept of infertility treatment but the quality and usefulness of ElaWoman's services made this possible. Testimonials of patients who had infertility treatments at the top centers and hospitals along with impressive success rates helped several couples contact Elawoman and trust its services.
Reaching the first 100 customers and helping them have successful infertility treatments was a remarkable experience for ElaWoman and a milestone.
ElaWoman has evolved into a healthcare platform dealing with infertility medicine, treatments, and surgeries. The innovative ElaPay facility, the first payment mode in the field of medicine, has also made it easy for patients to take a step forward. Ela's medical loans have made the financial aspect of the treatment more hassle-free than expected. Patients also receive guidance on travel and accommodation as part of their infertility treatments.
ElaWoman - Startup Challenges
One of the biggest challenges which we faced during our initial days was mainly to convince couples to consult an infertility specialist about their infertility issues. Also, we had difficulty in making patients understand our unique brand concept - Ritu Singh, CEO of ElaWoman.
The team eventually cracked it through timely counselling and discussions with several couples in collaboration with medical specialists and psychologists; distinguished medical professionals known for successfully dealing with some of the most complicated medical cases.
Chayanika Goswami
ElaWoman - Funding
The ElaWoman funding till date is as follows:
| Funding Date | Funding Stage | Funding Amount | Investors |
|---|---|---|---|
| October 2018 | Series A | $3 Million | Chiratae Ventures with co-investor Alkemi Venture Partners |
ElaWoman - Future Plans
ElaWoman has achieved several milestones in the domain of infertility medicine since its launch. ElaWoman today has a network of more than 11,500+ doctors and clinics. Ela has its footprints in over 89 cities and 11 countries. Features such as ElaPay and Ela medical loans have made the treatment for patients a smooth sail. The company's future looks promising with expansion plans.
ElaWoman - FAQs
What is ElaWoman?
ElaWoman is a visionary healthcare startup making a significant difference in the lives of those affected by infertility.
Who is the founder of ElaWoman?
Ritu Singh, Yogesh Agarwal, and Aditya Kandoi.
Is ElaWoman an Indian brand?
Yes, Elawoman is an Indian brand.
Author: Lakshya Singh
Source : https://startuptalky.com/elawoman-success-story/
Date : 2021-06-08T15:30:00.000Z